Battery Metals - Copperbelt Katanga Mining

Global Cobalt Prices Surge to $31,549.00 USD per Tonne

July 14, 2023July 14, 2023 Constance

After almost a year of decline on the international markets, the cobalt market is again showing firmness, inform the specialists in the field. According to projections made by experts from the National Commission of Mercurial Prices of the Ministry of Foreign Trade, cobalt should register a significant price increase on world markets during the period from July 10 to 15, 2023. According to the figures put forward by Congolese government experts, cobalt should trade at 31,549.00 USD per tonne this week against 28,840.00 USD a week earlier, i.e. a positive… Read More Here

Mining in DRC Battery Metals Cobalt

Sino-US Rivalry Intensifies for DRC’s Strategic Minerals

July 14, 2023July 14, 2023 Constance

The very rare riches of the Democratic Republic of Congo’s subsoil, cobalt as a bonus, are at the heart of the opposition of interests between the United States and China in a world in the midst of a race to control strategic minerals for the energetic transition. A bill requiring the establishment of a U.S. national strategy to secure critical mineral supply chains from the Democratic Republic of the Congo was introduced Tuesday, July 11, 2023, in the U.S. House of Representatives, by John James , president of the Africa… Read More Here

Mining in DRC Battery Metals

Global Demand for Critical Minerals Expected to More Than Double by 2030

July 13, 2023July 13, 2023 Constance

It just so happens that all of these critical minerals useful for the energy transition that global industry needs are in the Democratic Republic of Congo. A report published on July 11 by the International Energy Agency (IEA) notes that by 2030, the global demand for critical minerals necessary for the energy transition such as cobalt, copper, lithium, nickel and rare earth elements should more than double. Entitled “Critical Minerals Market Review 2023”, the report specifies that the demand for these minerals used in the manufacture of solar panels, wind… Read More Here

Battery Metals Copper International

Critical mineral projects set to catch up with projected boom in demand

July 13, 2023July 13, 2023 Constance

SUPPLY of critical metals is catching up with an anticipated boom in demand following a 50% jump in investment over the past two years, said Bloomberg News. Citing a report by the International Energy Agency (IEA), the newswire said critical minerals were therefore less likely to stymie the transition to a low carbon economy. “We look at the situation after raising alarm bells, and we are of the view that governments and companies have responded to this rather challenging situation,” Fatih Birol, the head of the IEA, said in an interview… Read More Here

Battery Metals Mining in DRC Partnership

South Africa eyes electric batteries deal in DRC investment talks

July 12, 2023July 12, 2023 Constance

President Cyril Ramaphosa has won big in his talks with his Democratic Republic of the Congo (DRC) counterpart where a deal on the manufacture electric batteries will be explored. Presidents Felix Tshisekedi and Ramaphosa undertook to ensure the implementation of various agreements concluded during the 12th session of the Joint Grand Committee. DRC’s lithium vital in electric batteries In light of the DRC’s abundant lithium mineral reserves, the production of electric batteries is an excellent area of cooperation between South Africa and the DRC. Lithium helps make lithium-ion batteries, which… Read More Here

Battery Metals International Lithium

Bikita Minerals Completes Dual Lithium Processing Plant in Zimbabwe

July 11, 2023July 11, 2023 Constance

Chinese mining conglomerate Sinomine Resource Group has completed the construction of a dual lithium processing plant at the group’s 10.8-million-ton Bikita mine in Zimbabwe. Commissioned in January 2022 following the Chinese group’s acquisition of the mine in a $180 million transaction, the plant will produce up to 300,000 metric tons of spodumene concentrate and 480,000 tons of petalite per year. The processing facility comprises a Gravity Separation Plant and a Flotation plant, enabling the mine to start processing spodumene while increasing the production of petalite from the current 50,000 tons… Read More Here

Battery Metals

African Resources will be Critical for the Global Energy Transition

June 27, 2023June 27, 2023 Constance

As the world transitions to cleaner forms of energy, Africa will play a crucial role in the supply of critical minerals required for the development of renewable energy technologies. Robert Friedland, Executive Co-Chairperson of mining firm Ivanhoe Mines, considers these resources to be integral to the future global economy, with “the fate of humanity on the African continent.” With demand for critical minerals expected to reach annual revenues of $400 billion by 2050, Africa is poised to lead the global mining industry while stimulating socioeconomic growth and development. Speaking… Read More Here

International Battery Metals Lithium

Lake Resources to develop Kachi lithium in two stages

June 25, 2023June 25, 2023 Constance

Argentine lithium brine play Lake Resources (ASX: LKE) has decided to further de-risk its Kachi project by adopting a two-stage development schedule. For its 50,000 tonnes per annum production target, the company will now have a phased approach of two 25,000tpa operations. This also allows Lake to accelerate the development timeline, bringing forward production. Full production by 2030 Now the timetable allows for the first stage, handling 25,000tpa, by 2027, with the second phase now due to come online in 2030. Kachi is located in Catamarca province of Argentina, within the “lithium… Read More Here

International Battery Metals Copper

Saudi Arabia’s PIF Leads Bidding for $2.5 Billion Vale Base Metals Stake

June 25, 2023June 25, 2023 Constance

Saudi Arabia’s Public Investment Fund is emerging as the leading bidder to acquire a stake in Vale SA’s multibillion-dollar nickel and copper operations, people with knowledge of the matter said. PIF is in advanced discussions with the Brazilian miner about a deal for a roughly 10% holding in its base metals unit, according to the people, who asked not to be identified discussing confidential information. The stake could be valued at around $2.5 billion, they said. The wealth fund is poised to beat out rival bidders including Japanese trading house Mitsui & Co. and the Qatar… Read More Here

International Battery Metals

Critical Materials Price Index Reaches 12-Month Low

June 22, 2023June 22, 2023 Constance

The critical materials price index, monitored by Project Blue, reached its lowest point in the past year in May. However, the energy transition market intelligence firm now suggests that this decline marked the low point in the cycle for the basket of 30 metals and minerals. The index had reached its peak in March of the previous year, benefitting from a post-COVID economic recovery. However, it experienced a swift decline due to a weakening global macroeconomic situation, surging energy costs, and a less-than-inspiring recovery in China, which accounts for the… Read More Here